As you may have seen, U.S. GDP expanded at a stronger-than-anticipated 2.9% last quarter. Much of that growth was fueled by the sharpest increase in consumer spending in several years. And that tailwind is translating into powerful corporate profits. Analysts are targeting… Read More
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It was a beautiful day to be on the lake. Blue skies, gentle breeze, 72 degrees. So I knew right away we were probably wasting our time — at least as far as the fishing was concerned. Bass and perch are sensitive to barometric… Read More
In the gaming world, the house always wins. And, for the sake of the viability of the industry, that’s probably a good thing, considering the astronomical overhead costs to run a casino resort. Harrah’s Las Vegas just signed a 15-year lease with annual rent… Read More
Due to an editing error, prices and ratings for several portfolio holdings in Monday’s update issue were incorrect. The correct version of the portfolio, based on Monday’s closing prices, follows. We’ve also replaced and corrected the online version of the portfolio here. Read More
March 2018 Update “Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.” This quote comes from Warren Buffett, who is famous for investing in a small number of stocks and… Read More
The market is obsessed with growth. But we don’t always stop and ask how much it costs. If you’re not careful, it’s possible to grow yourself into bankruptcy. This is especially true in the oil and gas business, where it can cost… Read More
The market giveth, and the market taketh away. On Wednesday, we got a nice 25% bounce from a buyout offer for Student Transportation (NYSE: STB). Today, Colony NorthStar (Nasdaq: CLNS) is falling by a similar amount after reporting disappointing fourth-quarter results. I… Read More